April 7, 2015 – Oil & Gas 360

DeeThree Announces Corporate Reorganization

April 7, 2015

DeeThree Exploration Ltd. Announces Corporate Reorganization to Create Two Oil-Focused Companies DeeThree Exploration Ltd. (DTX.TO) (“DeeThree” or the “Company“) is pleased to announce that its Board of Directors has unanimously approved the reorganization of DeeThree to create two, focused and independent, publicly traded energy companies – one, a sustainable growth-focused light-oil company centered around DeeThree’s Belly River development in the

Appalachia Production is Red Hot, but the Henry Hub is Still King

April 7, 2015

The meteoric production rise of the Marcellus and Utica Shales has shifted the playing field of the natural gas market and changed the United States energy landscape. While the recent commodity swing has finally forced U.S. oil production to least plateau (for the time being), the Appalachia has delivered consistent year-over-year growth ever since horizontal drilling truly took off in

Halliburton to Separately Market for Sale Its Drill Bits, Directional Drilling and LWD/MWD Businesses in Connection with Pending Baker Hughes Acquisition

April 7, 2015

Halliburton Company (HAL) today announced it will separately market for sale the company’s Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and Logging-While-Drilling (LWD)/Measurement-While-Drilling (MWD) businesses. The final sale of these businesses will not be completed until we have reached acceptable terms and conditions negotiated by Halliburton, the approval of Halliburton’s Board of Directors and final approvals of the

WSJ: Shell in Talks to Buy BG Group

April 7, 2015

Story by The Wall Street Journal Royal Dutch Shell PLC is in talks to acquire BG Group PLC, according to people familiar with the matter. BG, a gas producer, has a market capitalization of £31 billion ($46 billion), meaning a deal for the company would be one of the year’s biggest. A deal of this size also would solidify what

Benefits to lifting the U.S. Crude Export Ban

April 7, 2015

U.S. refiners using most domestic oil in 29 years Refineries in the United States are relying on domestically produced crude oil now more than any other time since 1986. Domestic production and imports from Canada and Mexico made up 85% of crude processed at U.S. plants in January, the most since March 1986, reports Bloomberg. Crude output in the U.S.

Iranian media calls for boycott of Saudi oil

April 7, 2015

Story by UPI The international community should boycott oil from Saudi Arabia to rob the government in Riyadh of the will to keep fighting in Yemen, Iranian media said. Saudi Arabia in late March announced the start of a pan-Arab military offensive in Yemen dubbed Operation Decisive Storm. Riyadh said the offensive was meant to defend the government in Sanaa

U.S. Crowned the World’s Largest Producer in 2014

April 7, 2015

EIA: U.S. remains the largest hydrocarbon producer for the third straight year The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2014, according to Energy Information Administration (EIA) estimates. U.S. petroleum production increased by 3 quadrillion Btu (1.6 MMBOPD) in 2014, while natural gas production increased by 5 quadrillion Btu (13.9 Bcf/d) over the

Bonterra Announces Borrowing Base Increase

April 7, 2015

Bonterra Energy Corp. Announces Borrowing Base Increase Following Annual Banking Review Bonterra Energy Corp. (www.bonterraenergy.com) (BNE.TO) (“Bonterra” or “the Company”) is pleased to announce today that following its annual banking review, certain amendments to the existing credit agreement dated April 29, 2009 between the Company and its syndicate of lenders (the “Lenders”), have been agreed to. Based on the terms

Genesis Prices Public Offering

April 7, 2015

Genesis Energy, L.P. Prices Public Offering of Common Units Genesis Energy, L.P. (GEL) today announced the pricing of a registered underwritten public offering of 4,000,000 common units representing limited partner interests at $44.42 per common unit. We granted the underwriters a 30-day option to purchase up to 600,000 additional common units from us. We intend to use the net proceeds

Plains All American Increases Distribution

April 7, 2015

Plains All American Pipeline, L.P. and Plains GP Holdings Increase Distributions Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced their quarterly cash distributions with respect to the first quarter of 2015. The distributions will be payable on May 15, 2015 to holders of record of each security at the close of business on

Atlas Resource Partners Announces Public Offering

April 7, 2015

Atlas Resource Partners, L.P. Announces Public Offering Of Class E Cumulative Redeemable Perpetual Preferred Units Atlas Resource Partners, L.P. (ARP) today announced that it has commenced a public offering of Class E Cumulative Redeemable Perpetual Preferred Units (“Class E Preferred Units”) pursuant to an effective shelf registration statement on Form S-3, filed with the Securities and Exchange Commission (the “SEC”).

Kosmos Energy Announces Add-On Offering to Its Existing Senior Secured Notes Due 2021

April 7, 2015

Kosmos Energy Ltd. (“Kosmos”) (KOS) announced today that, subject to market conditions, it intends to offer an additional $225 million aggregate principal amount of senior secured notes due 2021 in a private offering to eligible purchasers as a non-fungible add-on to the existing $300 million aggregate principal amount of such notes currently outstanding (the “existing notes”). The notes will have

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